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Yesterday we had the pleasure of supporting the 2023 Barbara Rankin Golf Classic in support of Big Brothers Big Sisters of London and Area All proceeds from this event went towards matching more children and youth in our community with a mentor, and this is a win for us all! Amy (Mikula) Anderson Robert T. Anderson, CFP, RIS #finance #insurance #investing #ldnont

Worried about the US Election impacting your portfolio? This chart puts it all into perspective as long-term investing pays off no matter who's in the White House. US Election Key Notes: - Contrasting Economic Agendas: Trump focuses on personal income tax cuts, lower corporate taxes, aggressive tariffs, and strict immigration, while Harris prioritizes tax relief for lower income earners, higher corporate taxes, family and small business incentives, and a balanced trade and immigration stance. Both candidates’ proposed policies are seen as inflationary, with Trump’s agenda expected to result in greater shorter-term inflationary pressures. - Economic Fundamentals Over Politics: While Trump’s pro-corporate tax cuts and deregulation may boost market sentiment and Harris’s policies on taxes and regulation could weigh on corporate profits, historical evidence shows that broader economic factors like growth, monetary policy, and corporate earnings drive long-term market performance more than the political party in power. - Historically, the period leading up to U.S. presidential elections is marked by increased volatility; however, this volatility typically subsides once the election outcome becomes clear. Trump Effect - Trump’s Policies Focus On: - extending the Trump 1.0 personal income tax cuts that are due to expire at the end of 2025 - further reducing the corporate tax from 21% to 15% - implementing aggressive tariffs - significantly tighter immigration policy - Trump’s proposed policies include extending many provisions from the TCJA, eliminating taxes on Social Security benefits, and lowering the corporate tax rate to 15%. These measures are expected to lead to a much higher deficit (9.6% of GDP in 2035) compared to baseline projections from the CBO   Harris Effect - Harris’s Policies Focus On: - extend personal income tax cuts for lower earners - raise the corporate tax rate to 28% - introduce various incentives for families and small businesses - maintaining a tough but more measured stance on trade and immigration - Harris’s proposed policies, which include expanding the child tax credit, enhancing the earned income tax credit, offering down payment assistance for first-time homebuyers, and raising the corporate tax rate to 28%, are projected to have a smaller impact on the budget deficit. These policies would also result in a higher deficit (8.1% of GDP in 2035) but are viewed as less aggressive than Trump’s proposals. #finance #insurance #investing #ldnont #uselection Courtesy: CI Global Asset Management

The Bank of Canada made a sizeable cut to its key lending rate today from 4.25% to 3.75% as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7% in June to 1.6% in September. When rates fall, homeowners with variable rate mortgages who have fixed payments will see a higher proportion of their payment go towards the principal amount of their mortgage. Homeowners with variable payments will see their total payment shrink. Curious what this might mean for you? Give a Maventure Mortgage Broker or Agent a call to learn more. #Maventure #MaventureMortgageCo #londonontario #ldnont #hydeparkldn #mortgage #mortgages #mortgagerates #mortgagetip #mortgageagent #mortgagebroker #mortgagespecialist #mortgageconsultant #realestate #firsttimehomebuyer #realestatemarket #financialneeds #realestateinvesting #househunting #justlisted #bestmortgagebrokers Maventure Mortgage Co. FSRA #13556

Great news for investors! #finance #insurance #ldnont #investing #tfsa

Happy Thanksgiving from our family to yours! #ldnont #finance #insurance #investing #thanksgiving

Yesterday we attended the Mackenzie Investments 2024 Fall Due Diligence conference at Whistle Bear Golf Club, where portfolio managers and investment experts shared their insights into current market trends and discussed opportunities to help our clients navigate the road ahead. Economic resilience in the US has so far supported investment growth. But volatility remains a factor and lower growth rates are anticipated. Whatever may arise, our clients are best served by remaining in the market. Nicholas Perdec, CIM® Robert T. Anderson, CFP, RIS #ldnont #finance #insurance #investing #retirement

Yesterday, alongside Mona, Tim, and friends, we celebrated almost 4 years since Nathan’s Urban Farms first planted. Since then, so much has been achieved alongside The PATCH! Nathans Urban Farms has a new location at The Grove at Western Fair District. Nathan’s Urban Farm is a not-for-profit food security initiative dedicated to Nathan T. Deslippe, a young community connector who worked to make London a better place. #ldnont

Global equity markets experienced heavy volatility and ended the week lower. Sentiment soured based on relatively weak economic results and investor concerns that the U.S. Federal Reserve Board (“Fed”) may be waiting too long before lowering interest rates. The S&P/TSX Composite Index declined, seeing weakness in the Information Technology sector. U.S. equities posted a loss over the week. Yields on 10-year government bonds in Canada and the U.S. declined. Oil prices fell, while the price of gold advanced. Central banks in the spotlight Several central banks came into the spotlight, going in divergent directions amid different economic conditions in each respective economy. The Fed held its federal funds rate steady at a target range of 5.25%-5.50%. The Fed believes a restrictive rate is still needed but signalled its intention to begin lowering interest rates, which markets expect will be in September. In the U.K., the Bank of England lowered its key interest rate by 25 basis points to 5.25%, largely in response to slowing inflation and soft economic growth. The Bank of Japan (“BoJ”) went in the opposite direction, raising interest rates from a range of 0.00%-0.10% to 0.25%. This was the BoJ’s second rate increase in 2024 amid elevated inflationary pressures. By the end of the year, monetary policy in the U.S. and U.K. will be looser than at the beginning of the year, which could ease some pressure and help lift consumer and business activity. Canada’s economy expands in May Statistics Canada (“StatsCan”) reported that Canada’s gross domestic product (“GDP”) grew by 0.2% in May, outpacing the 0.1% growth economists had expected. This marked the third straight month of growth, benefiting from an uptick in utilities and construction sectors. Conversely, household spending pulled back in May with consumers grappling with tight financial conditions. Weaker consumer spending activity helped the Bank of Canada (“BoC”) decide to lower rates in June and July. StatsCan estimated that Canada’s economy grew by 0.1% in June, which points to an annualized growth of 2.2% over the second quarter. Still, the data points to an economy running below potential, which could keep the BoC on a path of cutting interest rates. U.S. labour market losing steam The U.S. economy added 114,000 jobs in July, well below the 179,00 job additions in June and economists’ expectations of 175,000 job additions. Job gains in the health care and transportation industries were partially offset by a decline in jobs in the educational services industry. The U.S. unemployment rate moved higher to 4.3% in July from 4.1% in June. This marked the highest jobless rate in the U.S. since October 2021. The weaker U.S. labour market report raised expectations of a potential rate cut from the Fed this year, perhaps as early as September. Weekly commentary – For the week ended August 2 courtesy CLIM.

🏌️♂️ Golf, food, and live music—what more could you ask for? Join us at the 36th Annual Barbara Rankin Golf Classic presented by Nash Family Wealth Management support local youth! ⛳ 📅 When: Friday, September 20, 2024 🕚 Time: 11 am registration, 12 pm shotgun start 📍 Where: Pine Knot Golf & Country Club 🔗https://lnkd.in/g69RaWfr

We have lowered our policy interest rate to 4.50%. Learn more: https://bit.ly/4c2SE6J #economy #cdnecon